$BTC Current Price: Bitcoin is trading around $93,280
Immediate Resistance Levels:
First resistance is at the $94,000 zone
Major resistance lies at the psychological level of $100,000
Immediate Support Levels:
First support is at $90,700
Stronger supports are at $88,500, and further below at $76,700
RSI (Relative Strength Index):
RSI is currently around 65, which was slightly overbought earlier but is now cooling off
The trend remains bullish as long as RSI stays above 55
MACD (Moving Average Convergence Divergence):
MACD showed a bullish crossover, but now momentum is slowing down
The histogram is showing fewer green bars, which indicates a bit of weakness in buying pressure
Volume:
Volume is currently low, suggesting that traders are being cautious
For a strong breakout, high volume is essential, otherwise there's a risk of a fakeout
Fundamental Updates:
Institutions have been buying Bitcoin heavily in April, while retail investors are selling
Donald Trump has ordered the creation of a Strategic Bitcoin Reserve, aiming to recognize BTC as a national asset
A new investment firm called “Twenty One Capital” has launched, focused solely on buying Bitcoin — it is backed by Tether and Softbank
$BTC #BTCvsMarkets #dinnerwithtrump #BinanceAlphaAlert #TrumpVsPowell #CryptoMarketCapBackTo$3T
